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Central Bank of the UAE

Chinese banks partner with foreign counterparts to boost CBDC adoption

Wahid Pessarlay

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26 October, 2023

Chinese banks partner with foreign counterparts to boost CBDC adoption

Chinese banks form global digital currency partnerships to boost CBDC adoption amid regulatory challenges and international economic concerns.

India, UAE central banks collaborate on CBDCs with cross-border features

Wahid Pessarlay

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19 March, 2023

India, UAE central banks collaborate on CBDCs with cross-border features

Building on their individual plans to improve the payments system, the central banks of India and the United Arab Emirates...

UAE sets sights on CBDC launch to improve local, cross-border payment under new scheme

Wahid Pessarlay

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16 February, 2023

UAE sets sights on CBDC launch to improve local, cross-border payment under new scheme

While other countries choose whether to focus on a retail CBDC instead of wholesale, the United Arab Emirates is seeking...

UAE central bank completes CBDC pilot, eyes international usage for cross-border payments

Wahid Pessarlay

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30 October, 2022

UAE central bank completes CBDC pilot, eyes international usage for cross-border payments

Apart from improving cross-border payments, CBUAE’s governor noted that the pilot was also targeted at enhancing the local financial sector...

Saudi Arabia central bank hires digital asset expert to grow industry

Wahid Pessarlay

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8 September, 2022

Saudi Arabia central bank hires digital asset expert to grow industry

Saudi Arabia is betting on a digital asset expert to spur the adoption of digital currency and, at the same...

UAE central bank sets sights on digital currency launch

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16 July, 2021

UAE central bank sets sights on digital currency launch

In its 2023-2026 roadmap, the Central Bank of the UAE has identified seven areas that it will focus on as...

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